Sandra has a savings account that is now $50,000.She started with $28,225 and earned interest at 10% compounded annually.It took five years to accumulate the $50,000.

Name: Sandra has a savings account that is now $50,000.She started with $28,225 and earned interest at 10% compounded annually.It took five years to accumulate the $50,000.
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Question

Quizplus · Accepted Answer

The future value of $28,225 compounded annually at 10% for five years is less than $50,000.

Sandra Has a Savings Account That Is Now $50,000